CFO Akhil Garg resigns, Karthikeyan Velu named new CFO from Jan 1 2026

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

BHARTIHEXA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹1766.10

prior close

₹1760.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+0.5% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+0.3%+1.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 1.4 pts more than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.4

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.2+0.5+0.3+1.4

Next day

+1.7+2.0-0.2+1.3+0.5

+2.3+2.1+0.2+1.6+0.7

+2.5+1.6+0.9+2.4+0.1

+3.6+1.4+2.3+2.1+1.5

+4.8+1.0+3.8+0.6+4.2

+2.4+1.8+0.6+0.5+1.8

15d

-3.5+0.3-3.7-2.9-0.6

-10.1-0.1-10.0-5.4-4.7

-4.9-0.4-4.5-6.7+1.9

-10.6-8.1-2.4-20.5+9.9

UpDownMarket · Nifty Midcap 150Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bharti Hexacom's CFO Akhil Garg has resigned effective Dec 31 2025 to take up a different role within the Bharti Group. The Board has approved Karthikeyan Velu as new CFO and KMP effective Jan 1 2026. Karthikeyan is currently Group Financial Controller for Airtel with over 20 years of telecom finance experience. The change was approved on recommendation of the Nomination and Remuneration Committee and Audit Committee.

Likely market impact

Smooth internal succession within the Bharti Group likely neutral for stock. Experienced group-level appointee supports continuity.